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December 17, 2018

Global construction growth likely to have reached its peak in 2018

Global construction growth likely to have reached its peak in 2018
After ten years of growth (2008-2018), the peak has been reached in the global construction growth cycle: 2018 will be the turning point.    Growth in this industry should gradually cool down to +3.0% in 2019, from +3.5% in 2018, according to Euler Hermes’ proprietary data on millions of companies across 70 countries.    Over the past decade, most of the growth came from emerging markets (+57% since 2008), while developed markets have not even fully regained their pre-crisis volumes. Going forward, slowing GDP growth and tighter financial and monetary ...

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